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A forum for regional decision making,ensuring effective participation of residents in the use, protection, and benefits of the lands and waters of the Mackenzie Valley. MVLWB ANNUAL ACTIVITY REPORT 06 – 07 WORKING TOGETHER, MAKING TRANS-BOUNDRY PROGRESS

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Page 1: MVLWB A forum for regional decision...19 MV2006C0036 Strongbow Exploration Inc. 20 MV2006C0039 Twenty-Seven Capital Corp. ROADS 21 MV2006F0028 Aboriginal Engineering Ltd. 22 MV2006F0029

A forum for regional decision making,ensuring effectiveparticipation of residents in the use, protection, and benefi ts of the landsand waters of the Mackenzie Valley.

MVLWBANNUAL ACTIVITY REPORT 06 – 07WORKING TOGETHER, MAKING TRANS-BOUNDRY PROGRESS

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MESSAGE FROM THE CHAIRYEAR IN REVIEW STATISTICSPERMITS + LICENCESABOUT THE MVLWBBOARD OF DIRECTORSFINANCIAL STATEMENTS

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TABLE OF CONTENTS

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Mackenzie Valley Land and Water Board

Fiscal year 2006-2007 has proven to be another very interesting and challenging time. Under the leadership of the Chairs of the Gwich’in, Sahtu, Wek’èezhìi and Mackenzie Valley Land and Water Boards, as well as the Section 103 Panel, a truly integrated system of land and water management is emerging as envisioned by past leaders and negotiators of the settled compre-hensive land claim agreements.

One example is the success of the ongoing coopera-tion of the NT regulatory boards, federal and territorial regulatory agencies with its continued commitment to the “One Footprint” approach to the licensing and permitting of the proposed Mackenzie Gas Project. This cooperative approach will eventually set the standard for permitting and licensing for all development in the Mackenzie Valley. We expect this to provide much needed clarity for all proponents applying to permit or licence developments under the Mackenzie Valley Resource Management Act.

Indian and Northern Affairs Canada continues to be a strong ally and mentor as the regulatory process evolves in the Mackenzie Valley, and our boards strive

to establish a balance between development and the environment in the interests of Northerners and all Canadians.

I would like to thank Acting Executive Director Wanda Anderson and her staff for their professionalism and commitment to the many regulatory tasks entrusted to us by the Aboriginal, Territorial and Federal govern-ments. I would like to express my sincere appreciation to them for their hard work and dedication.

I look forward to the coming year and serving the Board and all the residents of the Northwest Territories.

Sincerely,

Willard HagenInterim Chair

MESSAGE FROM THE CHAIR

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06 – 07 Annual Report

YEAR IN REVIEW STATISTICS

NEW APPLICATIONS RECIEVED DURING THE FISCAL YEAR:• There were 40 Land Use Permit applications and 12 Water Licence applications

made to the Mackenzie Valley Land and Water board.• One application did not require a Land Use Permit.• One Land Use Permit application and one Water Licence application was referred

by Environmental Canada for an Environmental Assessment.• Numerous applications were deemed incomplete when they were received but

only four were subsequently not complete by proponents.

LAND USE PERMIT AND WATER LICENCE MATTERS DEALT WITH BY MVLWB DURING THE FISCAL YEAR:Amendments/RenewalsAssignmentsClosedLand Use Permits IssuedExtensionsReports/Plans/StudiesStorage AuthorizationsReferred to Environmental Assessment by MVLWBPublic HearingTransboundary

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Mackenzie Valley Land and Water Board

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PERMITS+ LICENCES

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06 – 07 Annual Report

REF# PERMIT APPLICANT#

OIL AND GAS DRILLING 1 MV2006A0022 Paramount Resources Ltd. 2 MV2006A0024 Paramount Resources Ltd. 3 MV2006A0025 Paramount Resources Ltd. 4 MV2006A0026 Paramount Resources Ltd. 5 MV2006A0030 Paramount Resources Ltd. 6 MV2006A0032 Paramount Resources Ltd. 7 MV2006A0034 Paramount Resources Ltd. 8 MV2006A0040 Paramount Resources Ltd. 9 MV2007A0002 Paramount Resources Ltd.

SEISMIC 10 MV2006B0020 Explor Data Ltd. 11 MV2006B0020 Kodiak Petroleum ULC

MINING EXPLORATION 12 MV2006C0010 Robert Carroll 13 MV2006C0012 Trigon Exploration Canada Ltd. 14 MV2006C0014 Tamerlane Ventures Inc. 15 MV2006C0017 Consolidated Global Diamond Corp. 16 MV2006C0019 Ur-Energy Inc 17 MV2006C0023 Aurora Resources Inc. 18 MV2006C0035 Tyhee Development NWT Corp. 19 MV2006C0036 Strongbow Exploration Inc. 20 MV2006C0039 Twenty-Seven Capital Corp.

ROADS 21 MV2006F0028 Aboriginal Engineering Ltd. 22 MV2006F0029 Northwest Territories Power Corp. 23 MV2006F0031 Aboriginal Engineering Ltd. 24 MV2007F0001 Tli Cho Landtran Transport Ltd.

COMMUNICATIONS 25 MV2006L0015 NorthwesTel Inc.

PIPELINE 26 MV2006P0018 Enbridge Pipelines Inc.

REF# PERMIT APPLICANT#

27 MV2006P0021 Paramount Resources Ltd. 28 MV2006P0033 Paramount Resources Ltd.

QUARRIES 29 MV2006Q0011 Stan Dean & Sons 30 MV2006Q0013 Daniel Beck 31 MV2006Q0027 Field Ventures

STAGING AREA 32 MV2006T0009 Hank Lafferty

WOOD OPERATIONS 33 MV2006W0037 Patterson SawMill LTD 34 MV2007W0003 Norman Dievert

MISCELLANEOUS 35 MV2006X0016 Natural Resources Canada 36 MV2007X0004 Arcan Construction Ltd. 37 MV2007X0005 Beaver Enterprises Ltd. 38 MV2007X0006 Beaver Enterprises Ltd. 39 MV2007X0007 BP Canada Energy Company 40 MV2007X0008 DIAND Contaminated Sites Offi ce 41 MV2006L8-0004 DOT-GNWT

INDUSTRIAL 42 MV2006L1-0005 Paramount Resources Ltd. 43 MV2006L1-0006 Paramount Resources Ltd. 44 MV2006L1-0007 Paramount Resources Ltd. 45 MV2006L1-0008 Paramount Resources Ltd. 46 MV2006L1-0009 Paramount Resources Ltd. 47 MV2006L1-0010 Paramount Resources Ltd. 48 MV2006L1-0011 Kodiak Petroleum ULC 49 MV2006L1-0012 Paramount Resources Ltd. 50 MV2007L1-0001 Paramount Resources Ltd.

MINING AND MILLING 51 MV2006L2-0003 Tamerlane Ventures Inc. 52 MV2006L2-0013 Teck Cominco

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Mackenzie Valley Land and Water Board

THE MEMBERSHIP OF THE MVLWBThe Mackenzie Valley Resource Management Act (MVRMA) was enacted as a result of the Gwich’in and Sahtu Comprehensive Land Claims being settled. The MVRMA establishes and sets out the membership of the MVLWB and regional land and water boards. The MVLWB is comprised of fi ve members from the Gwich’in Land and Water Board (GLWB), fi ve members from the Sahtu Land and Water Board (SLWB), fi ve members from the Wek’èezhìi Land and Water Board (WLWB) and as set out in the Section 99 (4) of the MVRMA, fi ve members that are not part of a regional panel.

BOARD MEMBERSIn the past year, two of our Directors terms expired. George John’s appointment to the GLWB expired in August 2006. While awaiting his reappointment, it was with great sadness that George passed away. Eric Menicoche’s appointment to the MVLWB expired September 2006 and has not been renewed. The MVLWB acknowledges the contribution of their knowledge and expertise to board business. Both George and Eric sat on the MVLWB Finance Committee.

At year end we were short one Director from the GLWB, one Director from the SLWB, one from the WLWB and one from the MVLWB. Chairperson Todd Burlingame left in March 2006 and Willard Hagen has been acting as interim Chair since.

STAFF CHANGESOil and Gas SectorThe MVLWB is pleased to have been able to second James Boraski from the position of District Manager of Fisheries and Oceans Canada in Inuvik. James new position with the MVLWB is Coordinator, Pipeline Licencing & Permitting. James represents the interests of the MVLWB on the MGP Regulatory Steering Committee, and he is leading a team that will be putting together the draft licences and permits for the Mackenzie Gas Project (MGP) within the Mackenzie Valley.

ABOUT THE MVLWB

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06 – 07 Annual Report

Adrian Paradis, Regulatory Offi cer, who has been with the MVLWB since 2001, accepted the position in June as Senior Regulatory Offi cer, Oil & Gas. Adrian is working with James on the draft licences and permits.

To supplement the Oil and Gas Team, Valerie Meeres joined us in November as Regulatory Offi cer – Oil & Gas, and for the MGP.

Tracy Turk started in March as an Administrative Clerk.

Regulatory SectorOn the Regulatory side, Angela Plautz, a Regulatory Offi cer, who has been with the MVLWB since 2004, returned from maternity leave and quickly jumped back into the swing of things. Welcome back Angela and congratulations on the birth of your daughter.

In June, Sarah Baines, a Regulator Offi cer who had been with MVLWB since 2003, left the MVLWB to take a position with the WLWB working out of their Yellowknife offi ce. Although sad to see her go, it was good news for the WLWB who acquired someone with experience and dedication to work on the BHP fi le.

In September Lisa Hurley, a Regulatory Offi cer who had been with the MVLWB since 2003, left the MVLWB to take a position with Golder and Associates in Calgary. Lisa takes with her a wealth of knowledge.

In February Meg McCluskie, a Regulatory Offi cer who had been with the MVLWB since 2005, left the MVLWB to take a position with INAC. Meg brought a new perspective to our workplace and will do the same for INAC.

Management & AdministrativeIn January, Bob Wooley, our Executive Director, who had been with the MVLWB since 2001, left the Board. Wanda Anderson assumed the position of Acting Executive Director and Brenda Backen assumed the position of Acting Manager of Finance and Administration.

In March, Pearl Liske, our Registry Clerk, who had been with the MVLWB since 2000, left the Board to explore career development opportunities elsewhere.

The Board and Staff wishes Sarah, Lisa, Meg, Bob and Pearl all the best.

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Mackenzie Valley Land and Water Board

ROLES OF THE MVLWB AND THE REGIONAL PANELSEach Panel is comprised of fi ve (5) members when all appointments are fi lled. The Act states “The purpose of the establishment of boards by this Act is to enable residents of the Mackenzie Valley to participate in the management of its resources for the benefi t of the residents and of other Canadians.”

The following is from the Act and lays out the jurisdiction that is given to each Panel.

59. (1) A board has jurisdiction in respect of all uses of land in its management area for which a permit is required under this Part and may, in accordance with the regulations, issue, amend, renew, suspend and cancel permits and authorizations for the use of land, and approve the assignment of permits.

60. (1) A board has jurisdiction in respect of all uses of waters and deposits of waste in its management area for which a licence is required under the Northwest Territories Waters Act and may (a) issue, amend, renew and cancel licences and approve the assignment of licences,

in accordance with that Act, and(b) exercise any other power of the Northwest Territories Water Board under that Act,

and, for those purposes, references in that Act to that Board shall be read as references to the board.

60. (2) A board may suspend a licence for a specifi ed period or until terms and conditions specifi ed by the board are complied with, where the licencee contravenes a provision of the Northwest Territories Waters Act or of this Part or a term or condition of the licence.

60.1In exercising its powers, a board shall consider (a) the importance of conservation to the well-being and way of life of the aboriginal

peoples of Canada to whom section 35 of the Constitution Act, 1982 applies and who use an area of the Mackenzie Valley; and

(b) any traditional knowledge and scientifi c information that is made available to it.

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06 – 07 Annual Report

If an application falls under Section 103 (1) (a) of the MVRMA, meaning that it is to take place or is likely to have an impact in more than one management area, or in one management area and an area outside a management area, the application would be dealt with by the MVLWB Transboundary Policy.

The Transboundary Policy states that a group of three or more members of the Board, appointed by the Chairperson of the Board in consultation with the Chairpersons of the regional boards, are given responsibility for the disposition of one or more transboundary application(s). The panel will include at least one of the members appointed to a regional board on the nomination of a fi rst nation or appointed by the Board following consultation with fi rst nations and at least one of the members not so appointed.

TRANSBOUNDARYThe MVLWB has had a busy year with Transboundary applications. Four (4) Land Use Permit applications and one (1) Water Licence application were deemed to be Transboundary. Two (2) of the applicants were Northwestel Inc. who applied to install four microwave repeater stations, and Consolidated Global Diamond Corp. who applied for a diamond drilling exploration at Courageous Lake. Both were deemed Transboundary between the WLWB and the MVLWB and were subsequently issued. Enbridge applied for pipeline operation and maintenance and Kodiak Petroleum applied for a 2D seismic program which included a water licence and were deemed transboundary between the SLWB and the MVLWB.

STRATEGIC PLANNINGIt has been a few years since the MVLWB has reviewed its Strategic Plan. Therefore, our aim for this fi scal year is update the Strategic Plan. The MVLWB continues to work cooperatively with the other Regional Boards by helping out whenever possible.

The Board and Staff of the MVLWB look forward to another busy year.

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Mackenzie Valley Land and Water Board

INTERIM CHAIRWillard Hagen

MVLWB*BOARD OF DIRECTORS

WEK’ÈEZHÌI LAND ANDWATER BOARD

APPOINTEES PURSUANT TO SECTION 99(4)OF MVRMA

VIOLET CAMSELL-BLONDINBEHCHOKOViolet joined the MVLWB March 2000 as a member from outside the settled land claims areas. In 2005 Violet was appointed to the WLWB.

ALFONZ NITSIZAWHATIIn October 2005, Alfonz was appointed by the Tlicho Government to sit on the WLWB.

JOYCE RABESCABEHCHOKOJoyce is a Federal appointee on the WLWB, nominated by the Government of the Northwest Territories in May 2005.

JOSEPH JUDASWEKWEETIJoseph was appointed by the Tlicho Government to sit on the WLWB.

ELIZABETH BISCAYEYELLOWKNIFEBased on her years of board experience and proactive approach to community concerns, Elizabeth was appointed in 2005 to the MVLWB as a member from outside the settled land claim areas.

FLOYD ADLEMYELLOWKNIFEWith an extensive history of living and working throughout the North, Floyd was appointed to the MVLWB as a member from outside the settled land claim areas.

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06 – 07 Annual Report

* CURRENT AS OF TIME OF PUBLICATION, MARCH 2007

WILLARD HAGENINUVIKWillard is the Interim Chair of the MVLWB. Born in Tsiigehtchic and raised in the Travaillant River area, he was appointed to the GLWB in 1996, and became the Chair in 2002. Willard owns and operates Beaudel Air in Inuvik and has been a bush pilot for more than thirty years.

GWICH’IN LAND AND WATER BOARD

SAHTU LAND ANDWATER BOARD

MARGARET NAZONINUVIKMargaret has been a director on the GLWB since 2005. She works as an instructor with the Arctic College in Inuvik and is an artist and a designer.

PAUL SULLIVANINUVIKPaul was appointed to his fi rst term on the GLWB in 2005. He works for Canadian Helicopters in Inuvik as a mechanic and pilot.

GERRY KISOUNINUVIKAfter 25 years with the Royal Canadian Mounted Police and 10 years with Parks Canada, Gerry was appointed to the GLWB.

LARRY WALLACENORMAN WELLSLarry is the Chair of the SLWB.

GEORGE BARNABYFORT GOOD HOPEGeorge is a director on the SLWB.

WALTER BAYHADELINEAfter 32 years of working with the Territorial and Federal Governments in the resource development sector, Walter was appointed to the SLWB. He is also Chair of the Sahtu Renewable Resources Board.

VIOLET DOOLITTLEINUVIKSince July 2002, Violet has been a director on the SLWB.

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Mackenzie Valley Land and Water Board

FINANCIALSTATEMENTS

AUDITORS’ REPORTSTATEMENT OF OPERATING FUND OPERATIONS AND SURPLUS STATEMENT OF CHANGES IN PROPERTY AND EQUIPMENT FUND BALANCEBALANCE SHEETSTATEMENT OF CASH FLOWSNOTES TO FINANCIAL STATEMENTSSCHEDULE 1: SCHEDULE OF SALARIES, HONOURARIA, TRAVEL EXPENSES AND OTHER REMUNERATION

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06 – 07 Annual Report

AUDITORS’ REPORTTo the Directors of Mackenzie Valley Land and Water Board

We have audited the balance sheet of Mackenzie Valley Land and Water Board as at March 31, 2007 and the statement of operating fund operations and surplus, the statement of changes in property and equipment fund balance and the statement of cash fl ows for the year then ended. These fi nancial statements are the responsi-bility of the organization’s management. Our responsibility is to express an opinion on these fi nancial statements based on our audit.

We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether the fi nancial statements are free of material mis-statement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the fi nancial statements. An audit also includes assessing the accounting principles used and signifi cant estimates made by management, as well as evaluating the overall fi nancial statement presentation.

In our opinion, these fi nancial statements present fairly, in all material respects, the fi nancial position of the Board as at March 31, 2007 and the results of its opera-tions for the year then ended in accordance with Canadian generally accepted accounting principles.

Yellowknife, Northwest TerritoriesChartered AccountantsMay 11, 2007

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Mackenzie Valley Land and Water Board

STATEMENT OF OPERATING FUND OPERATIONS AND SURPLUS For the year ended March 31, BUDGET 2007 2006

REVENUE

Government of Canada Indian and Northern Affairs $3,389,878 $3,389,878 $3,165,681Other 942 942 -

3,390,820 3,390,820 3,165,681

EXPENSES

Advertising 36,000 16,802 17,399Bad debt expense - - 418Communications 18,000 20,273 37,139Computer support 46,000 15,334 14,300Honouraria 323,250 346,873 441,497Insurance 6,500 4,836 4,094Licences and dues 1,500 170 219Meeting room rentals - 2,728 4,288Offi ce rent 274,095 251,068 255,750Offi ce supplies 244,300 153,030 157,683Printed material 6,500 242 -Professional fees 198,000 322,462 333,427Salaries, wages and benefi ts 1,647,438 1,366,279 1,183,172Staff clothing 3,000 - 673Staff relocation 30,000 17,289 12,832Technical advisory 700,000 207,007 249,668Training 756,260 274,895 89,614Travel board 335,654 264,857 294,274Travel staff 140,160 67,268 69,699Vehicle - - 162

4,766,657 3,331,413 3,166,308

Excess of revenue (expenditures) operating fund (1,375,837) 59,407 (627)Proceeds on disposal of equipment - - 12,000Transfer to property and equipment fund - (92,349) (34,176)Excess (expenditures) (1,375,837) (32,942) (22,803)Surplus, beginning of year 295,056 295,056 317,859Surplus, end of year $(1,080,781) $262,114 $295,056

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06 – 07 Annual Report

STATEMENT OF CHANGES IN PROPERTY AND EQUIPMENT FUND BALANCEFor the year ended March 31, 2007 2006

Balance, beginning of year $118,514 $133,265Additions during the year 92,349 34,176Disposals during the year - (6,592)Amortization (63,712) (42,335)Balance, end of year $147,151 $118,514

BALANCE SHEETAs at March 31, 2007 2006

ASSETS

CurrentCash $675,347 $544,452Accounts receivable (Note 3) 65,957 66,703Prepaid expenses 175,410 1,052 916,714 612,207Equipment (Note 4) 147,151 118,514 $1,063,865 $730,721

LIABILITIES

CurrentAccounts payable and accrued liabilities $654,600 $317,151

NET ASSETS

Equipment fund 147,151 118,514Operating fund 262,114 295,056 409,265 413,570 $1,063,865 $730,721

Contingency (Note 5) Approved on behalf of the Board

Director

Director

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Mackenzie Valley Land and Water Board

STATEMENT OF CASH FLOWSFor the year ended March 31, 2007 2006

CASH PROVIDED BY (USED IN)OPERATING ACTIVITIES

Excess revenue (expenditures) operating fund $59,407 $(627)Change in noncash operating working capitalAccounts receivable 746 41,294Prepaid expenses (174,358) -Accounts payable and accrued liabilities 337,448 168,607Refundable contributions - (26,690)

223,243 182,584

INVESTING ACTIVITIES

Purchase of equipment (92,349) (34,176)Proceeds from disposal of equipment - 12,000

(92,349) (22,176)

Change in cash position 130,894 160,408Cash position, beginning of year 544,453 384,045Cash position, end of year $675,347 $544,453

NOTES TO FINANCIAL STATEMENTS1. Organization and JurisdictionThe Mackenzie Valley Land and Water Board (the Board) is established under Mackenzie Valley Resource Management Act. It monitors and approves the land and water use in areas where there are no settled claims.

The Board is exempt from income tax under section 149(1) of the Income Tax Act.

2. Accounting PoliciesThe following is a summary of the signifi cant accounting policies used by management in the preparation of these fi nancial statements.

(a) Fund accountingThe Board uses fund accounting to segregate transactions between its operating fund and equipment fund. The Board follows the deferred method in accounting for contributions. Contributions are recognized as revenue when received or receivable if the amount can be reasonably estimated and its collection is reasonably assured. The Operating Fund accounts for the Board's operating and administrative activities. The Equipment Fund reports the assets, liabilities, revenues and expenses related to capital assets.

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06 – 07 Annual Report

(b) EquipmentPurchased property and equipment are recorded in the property and equipment fund at cost. Amortization is recorded in the property and equipment fund using the declining balance method, except for leasehold improvements which use the straight line method, at the annual rates set out in Note 4.

(c) Financial instrumentsAll signifi cant fi nancial assets, fi nancial liabilities and equity instruments of the Board are either recognized or disclosed in the fi nancial statements together with available information for a reasonable assessment of future cash fl ows, interest rate risk and credit risk. Where practicable, the fair values of fi nancial assets and liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed.

(d) Recognition of contributionsThe Board follows the deferral method of accounting for contributions. Restricted contributions are recognized as revenue in the year in which the related expenses are incurred. Unrestricted contributions are recognized as revenue when received or receivable if the amount to be received can be reasonably estimated and its collection is reasonably assured. Contributions which are not expensed in the current year are set up as refundable contributions and must be repaid to the contributor.

(e) Use of estimatesThe preparation of fi nancial statements in conformity with Canadian generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the fi nancial statements and the updated amounts of revenues and expenses during the period. Actual results could differ from those estimates.

3. Accounts Receivable 2007 2006

Government of Canada Indian and Northern Affairs $18,988 $19,000Goods and Services Tax 46,619 47,703Other 350 -

$65,957 $66,703

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Mackenzie Valley Land and Water Board

4. Equipment ACCUMULATED 2007 NET 2006 NET RATE COST AMORTIZATION BOOK VALUE BOOK VALUE

Furniture and fi xtures 20% $182,904 $127,080 $55,824 $62,921Computer equipment 30% 248,711 210,750 37,961 47,718Plotter 30% 12,213 11,041 1,172 2,050Computer software 100% 158,295 153,439 4,857 -Leasehold improvements SL/3yr 135,633 88,294 47,339 5,825

$737,756 $590,604 $147,151 $118,514

5. ContingencyA complaint was made against the Board to the Canadian Human Rights Commission which proceeded to the Canadian Human Rights Tribunal level. The decision made by the Canadian Human Rights Tribunal is being appealed by the complainant. The Board feels that the appeal will be unsuccessful but, if the complainant is successful, the Board could face a monetary penalty in the form of either damages or costs. It is not possible to determine the Board’s potential liability at this time.

6. Financial InstrumentsFinancial instruments consist of recorded amounts of accounts receivable which will result in future cash receipts, as well as accounts payable and accrued liabilities which will result in future cash outlays.The Board is exposed to the following risks in respect of certain of the fi nancial instruments held:

(a) Credit risk Credit risk arises from the potential that a counter party will fail to perform its obligations. The Board is exposed to credit risk from customers.

7. CommitmentsThe Board has entered into contracts for offi ce equipment and lease of offi ce prem-ises with the following future minimum payments:

EQUIPMENT OFFICE TOTAL

2008 $3,948 $127,364 $131,3122009 3,948 31,841 35,7892010 3,948 - 3,948

$11,844 $159,205 $167,101

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06 – 07 Annual Report

8. Comparative FiguresCertain of the prior year fi gures have been reclassifi ed to conform with the current year’s presentation.

9. Economic DependenceThe Board is dependant upon funding in the form of contributions from the Govern-ment of Canada Indian and Northern Affairs. Management is of the opinion that if the funding was reduced or altered, operations would be signifi cantly affected.

Schedule 1: Schedule of Salaries, Honouraria,Travel Expenses and Other RemunerationFor the year ended March 31, 2007

MONTHS OTHER TRAVEL TOTALPOSITION ON STAFF SALARY REMUNERATION EXPENSES TOTAL

Director 12 $31,000 $8,718 $4,927 $44,645Director 12 19,000 7,646 11,139 37,785Director 12 17,000 7,973 10,274 35,247Director 12 17,200 6,944 1,565 25,709Director 12 24,300 13,620 6,480 44,400Director 12 13,400 6,480 6,399 26,279Director 12 131,725 35,745 45,039 212,509Director 5 7,400 2,944 1,839 12,183Director 12 10,325 7,362 960 18,647Director 12 7,800 2,278 3,462 13,540Director 6 21,200 11,322 16,902 49,424Director 12 12,800 8,698 4,674 26,172Director 12 11,000 11,198 3,242 25,440Director 12 6,150 3,880 395 10,425Director 12 6,600 886 3,288 10,774Director 12 11,800 9,574 7,447 28,821Senior Management 12 97,425 10,715 9,125 117,265Senior Management 11 115,605 12,467 9,829 137,901Senior Management 12 110,027 4,171 3,683 117,881Senior Management 12 149,135 6,363 7,561 163,059

$820,892 $178,984 $158,230 $1,158,106

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t 867.669.0506f 867.873.6610e [email protected]

www.mvlwb.com

For more information please contact the MVLWB:

Mackenzie Valley Landand Water BoardPO Box 2130, 4922-48th St.(7th Floor YK Center)Yellowknife, NT X1A 2P6

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